Sterlite to invest Rs.250 crore for expansion
June 26th, 2009 - 6:00 pm ICT by IANSMumbai, June 26 (IANS) Sterlite Technologies, a global provider of transmission solutions for telecom and power companies, Friday said it will invest Rs.250 crore for capacity enhancement in the next two years.
The company in a statement said it would double its optical fibre capacity to 12 million-km this fiscal and would take it to 20 million-km in 2011.
To meet the higher production target, Sterlite would expand the capacity of its existing facility in Aurangabad in Maharashtra and also set up a greenfield plant, the statement said.
The plant location will be decided soon, it added.
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Tags: aurangabad, capacity enhancement, crore, global provider, greenfield, maharashtra, plant location, production target, rs 250, sterlite, telecom, transmission solutions
